Sanctuary Advisors LLC Makes New Investment in UL Solutions Inc. (NYSE:ULS)

Sanctuary Advisors LLC bought a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,018 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of UL Solutions by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after purchasing an additional 1,022,851 shares during the period. Soros Fund Management LLC lifted its position in UL Solutions by 127.4% during the third quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after buying an additional 637,077 shares during the period. Port Capital LLC bought a new stake in shares of UL Solutions during the 3rd quarter valued at $25,675,000. Zimmer Partners LP grew its position in shares of UL Solutions by 136.7% in the 3rd quarter. Zimmer Partners LP now owns 710,000 shares of the company’s stock worth $35,003,000 after buying an additional 410,000 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of UL Solutions by 133.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 700,000 shares of the company’s stock worth $34,510,000 after acquiring an additional 400,000 shares in the last quarter.

UL Solutions Stock Up 0.4 %

UL Solutions stock opened at $52.70 on Thursday. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The firm has a market capitalization of $10.55 billion and a price-to-earnings ratio of 32.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s fifty day moving average is $52.76 and its two-hundred day moving average is $52.06.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.54 million. Analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is currently 32.10%.

Insider Buying and Selling

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. This represents a 7.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Wells Fargo & Company increased their target price on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. UBS Group lifted their price target on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Citigroup increased their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird lifted their target price on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, UL Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.45.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.